PPP Loan information for Mec electrical contractors, inc.

$539,500

Mec electrical contractors, inc. was initially approved for PPP Loan of amount $539,500, the current approved amount is $539,500. The loan was approved on 04/04/2020 by The The Lowell Five Cent Savings Bank reported 34 jobs and $539,500 was used to fund payroll.

Mec electrical contractors, inc. is Existing or more than 2 years old

PPP Loan Search / MA / CHELMSFORD / Mec electrical contractors, inc.

MEC ELECTRICAL CONTRACTORS, INC.

Date Approved

04/04/2020

SBA Office Code

0101

Processing Method

PPP

Borrower Name

MEC ELECTRICAL CONTRACTORS, INC.

Borrower Address

100 High Street

Borrower City

CHELMSFORD

Borrower State

MA

Borrower Zip

01824-3419

Loan Status Date

12/08/2020

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

539500.00

Current Approval Amount

539500.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

32962

Servicing Lender Name

The Lowell Five Cent Savings Bank

Servicing Lender Address

34 John St

Servicing Lender City

LOWELL

Servicing Lender State

MA

Servicing Lender Zip

01852-1107

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

CHELMSFORD

Project County Name

MIDDLESEX

Project State

MA

Project Zip

01824-3419

CD

MA-03

Jobs Reported

34

NAICS Code

238210

Race

White

Ethnicity

Unknown/NotStated

Utilities Proceed

2385.00

Payroll Proceed

478615.00

Mortgage Interest Proceed

8529.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

33710.00

Debt Interest Proceed

16261

Business Type

Corporation

Originating Lender Location Id

32962

Originating Lender

The Lowell Five Cent Savings Bank

Originating Lender City

LOWELL

Originating Lender State

MA

Gender

Male Owned

Veteran

Unanswered

Non Profit

Forgiveness Amount

542825.68

Forgiveness Date

11/27/2020

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